ED Targets Dubai Tycoon: Ponzi and Forex Scam Unveiled
The Enforcement Directorate (ED) has taken action to provisionally attach overseas assets valued at $5.52 million (Rs 37.5 crore) belonging to Vinod Khute, a Dubai-based entrepreneur and owner of VIPS Group of Companies and M/s Global Affiliate Business in Pune. This move is part of a money laundering investigation connected to a Ponzi scheme and forex trading scam.
New Scam Lurking Online: Investment Experts Are Actually Bots!
Online investment scams have evolved beyond mere phishing attacks impersonating real companies. Now, scammers have started utilizing AI bots to impersonate investment experts, promising high returns and financial advice. Beware if something sounds too good to be true coming your way.
Better To Avoid These Brokers
UK’s regulator, the Financial Conduct Authority (FCA), has cautioned the public not to invest with unauthorised brokers. FCA issued an alert list on 14 March 2024 for brokers not FCA-licensed. Here are the names and details of the brokers.
GAINS FROM N1,520 TO N1,400 NAIRA WHEN CBN ELIMINATED THE IMTOS FX CAP
With the removal of the FX cap from International Money Transfer Operators (IMTOs) and the Central Bank of Nigeria's (CBN) order for banks to sell excess dollars, Nigeria's currency is starting to make up ground against the US dollar on both the official and black market.
FOREX TODAY: US JOB REPORT WILL CONTINUE TO CAUSE VOLATILITY BEFORE THE WEEKEND
In the American session on Thursday, the US Dollar (USD) saw strong selling, USD Index fell and US bond yields decreased. Early on Friday, they turn to the US January jobs report, which will include data on wage inflation and nonfarm payrolls. The Consumer Sentiment Index data for January will be revised by the University of Michigan, while the December Factory Orders will be published by the Census Bureau.
ED Seizes Rs 37.5Cr in Vinod Khute's Ponzi & Forex Scam Assets
ED targets Vinod Khute, seizing Rs 37.5Cr in Dubai assets over a Ponzi and FX scam, highlighting efforts to combat money laundering and protect investors.
Illegal behavior of Truist Financial and Bittra: Japanese investors face intimidation and threats
Recently, we have received urgent appeals from Japanese investors who, after exposing the illegal trading activities of Truist Financial and Bittra on the WikiFX platform, have been subjected to insults, intimidation, and even threats to their lives.
Cyprus Enhances Financial Market Regulation with 82 New Approvals in 2023
CySEC bolsters Cyprus's financial industry in 2023, approving 82 firms and enhancing investor protection, showing a commitment to regulatory excellence and market integrity.
Blockchain Expo North America 2024 Set to Showcase Latest Developments in Crypto Innovation
Blockchain developers, influencers, leaders, investors, and entrepreneurs / business owners are set to attend Blockchain Expo North America 2024, the biggest crypto event in Silicon Valley.
CySEC Imposed a €50,000 Fine on Licensed Firm
The Cyprus Securities and Exchange Commission (CySEC) charged a total €50,000 fine on Fiduserve Asset Management Ltd, a Cyprus-licensed investment fund manager.
Investor Alert List includes Bold Prime, Funda Markets & others
The list includes Potential clone entity - iFast Capital 212, Funda Markets, Potential clone entity - PB Futures, Invesa Capital, Bold Prime, CS Smart Investment Syariah, and Potential clone entity - Pelaburan CIMB Bank Malaysia.
WikiFX Broker Assessment Series | Tradehall: Is It Trustworthy?
In this article, we will conduct a comprehensive examination of Tradehall, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
US Authorities Seized $1.4M in Tether Scam Crackdown
In a decisive move against digital deception, U.S. authorities have seized $1.4 million in Tether (USDT) as part of a crackdown on a fraudulent customer support operation.
Options & Dukascopy Announce Strategic Partnership for Market Data
Options & Dukascopy: Join Forces to Transform Market Data Accessibility. Unveiling cutting-edge tech for real-time US Equities data, paving the way for seamless trading worldwide.
Bitcoin Fog’s Operator Faces 20 years of Prison for Money Laundering
Roman Sterlingov, the operator behind the cryptocurrency mixer Bitcoin Fog, has been found guilty of facilitating the laundering of hundreds of millions of dollars, primarily sourced from illicit drug sales on darknet markets.
Bitcoin Fog Operator Convicted of Money Laundering Faces 20 Years in Prison
Roman Sterlingov, operator of Bitcoin Fog, convicted of laundering millions from darknet drug sales. Faces 20 years. Insight into crypto crime.
High-Scored Brokers' One Thousand and One Nights Season
As the tales of Aladdin's lamp enchant us with the promise of fulfilling wishes, high-scored brokers in the financial realm are weaving their own magic this season.
Beware of Clones
In recent years, the rise of clone firms has become a growing concern in the financial industry. These fraudulent companies mimic legitimate firms to deceive consumers. UK’s Financial Conduct Authority (FCA) issued a warning against three clones on 12 March 2024.
Grayscale Proposes Spin-Off for Bitcoin ETF
Grayscale plans a spin-off of the Bitcoin ETF to lower investor costs. GBTC sees outflows. Bitcoin is trading at $72,095 amid ETF hype and rate cut hopes.
Unveiling the Future: Nominations Open for Global Blockchain Awards Recognizing Web3 Excellence!
Dubai, [12/03/2024] - VAP Group is proud to announce the launch of the Global Blockchain Awards, honoring the brightest minds and boldest innovators in the Web3 space. Set against the backdrop of the esteemed Global Blockchain Show, this exclusive awards ceremony will take place on April 15, 2024, at the Grand Hyatt Dubai, preceding the main event scheduled for April 16th and 17th.